Alexander & Baldwin, Inc.: debt financing — A&B amends credit facility, adds $200M term loan, locks 4.69% rate, extends debt maturity

Alexander & Baldwin, Inc.

Amended $450M unsecured revolver; added $200M term loan due Nov 3, 2030.
Drew full $200M at closing, used to repay $191M revolver balance; revolver capacity replenished.
Entered three swaps locking $200M term loan at weighted average fixed rate of 4.69%.
CFO cites lower cost of capital, ~1-year extension of weighted average maturity.
Term loan pricing: 1-month SOFR + 1.15% based on financials grid (Pricing Level I).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Alexander & Baldwin, Inc. incurred term loan of $200 million with Bank of America N.A., as administrative agent, and other lenders at 1-month Term SOFR plus 1.15% maturing November 3, 2030.

Instrument: term loan
Principal: $200 million
Counterparty: Bank of America N.A., as administrative agent, and other lenders
Rate: 1-month Term SOFR plus 1.15%
Maturity: November 3, 2030
Event: incurrence

Exact text from the filing

On November 3, 2025, concurrent with the closing of the A&B Revolver, the Company made its first borrowing request of the entire $200 million commitment under the Term Loan Facility

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Source: SEC EDGAR

accession 0001545654-25-000038

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